OM LAMCOAT PVT LTD,MORBI vs. ACIT, CENTRAL CIRCLE-1, RAJKOT, RAJKOT

In the result, both appeals filed by the assessee (in ITA Nos

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकरअपीलसं/.Ita No. 286 & 287/Rjt/2022 िनधा"रणवष" / Assessment Year: (2016-17 & 2019-20) (Hybrid Hearing) बनाम M/S. Om Lamcoat Pvt. Ltd. The Acit, 8-A, Kandla National Highway, Vs. Central Circle -1, Opp. Dadashri Nagar, At. Morbi – Aayakar Bhavan, Amruta 363642 Estate, M. G. Road, Rajkot – 360001 "थायीलेखासं/.जीआइआरसं/.Pan No. : Aabco8163G (अपीलाथ"/Assessee) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Mehul Ranpura, Ld. Ar राज"व क" ओर से/Revenue By : Shri Abhimanyu Singh Yadav, Ld. Sr. (Dr) सुनवाई क" तार"ख/Date Of Hearing : 16/06/2025 घोषणा क" तार"ख/Date Of Pronouncement : 11/09/2025

depreciation as per the provisions of the Companies Act. Thus, the issue of scrutiny of P&L account prepared by the Company is still wide open. Therefore, the assessee's claim regarding not altering the book profit by the amount of gross profit estimated on the unaccounted transactions was not considered by the assessing officer. 9. The assessee also argued

OM LAMCOAT PVT LTD,MORBI vs. THE ACIT, CENTRA CIRCLE-1, RAJKOT, RAJKOT

In the result, both appeals filed by the assessee (in ITA Nos

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकरअपीलसं/.Ita No. 286 & 287/Rjt/2022 िनधा"रणवष" / Assessment Year: (2016-17 & 2019-20) (Hybrid Hearing) बनाम M/S. Om Lamcoat Pvt. Ltd. The Acit, 8-A, Kandla National Highway, Vs. Central Circle -1, Opp. Dadashri Nagar, At. Morbi – Aayakar Bhavan, Amruta 363642 Estate, M. G. Road, Rajkot – 360001 "थायीलेखासं/.जीआइआरसं/.Pan No. : Aabco8163G (अपीलाथ"/Assessee) .. (""यथ"/Respondent) "नधा"रती क" ओर से/Assessee By : Shri Mehul Ranpura, Ld. Ar राज"व क" ओर से/Revenue By : Shri Abhimanyu Singh Yadav, Ld. Sr. (Dr) सुनवाई क" तार"ख/Date Of Hearing : 16/06/2025 घोषणा क" तार"ख/Date Of Pronouncement : 11/09/2025

depreciation as per the provisions of the Companies Act. Thus, the issue of scrutiny of P&L account prepared by the Company is still wide open. Therefore, the assessee's claim regarding not altering the book profit by the amount of gross profit estimated on the unaccounted transactions was not considered by the assessing officer. 9. The assessee also argued

SHREE SAMARTH ELECTRICALS PVT LTD,JAMNAGAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, JAMNAGAR

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinha

260/- thereby accepting returned income. 3.1 On perusal of assessment records for AY 2018-19, it is seen that you had debited an amount of Rs 13,00,93,467/- on account of contract and sub contract expenses and Rs. 4,25,67,395/-on account of Job work expenses in the Profit & Loss account. However, you have not deducted

SHREE SAMARTH SWITCHGEAR AND TRANSMISSION PVT LTD,JAMNAGAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX, JAMNAGAR, JAMNAGAR

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinha

260/- thereby accepting returned income. 3.1 On perusal of assessment records for AY 2018-19, it is seen that you had debited an amount of Rs 13,00,93,467/- on account of contract and sub contract expenses and Rs. 4,25,67,395/-on account of Job work expenses in the Profit & Loss account. However, you have not deducted

GOJIYA BHIKHUBHAI,JAMNAGAR vs. PRINCIPAL COMMISSIONEROF INCOME TAX, JAMNAGAR

260/- thereby accepting returned\nincome.\n3.1 On perusal of assessment records for AY 2018-19, it is seen that you had debited an\namount of Rs 13,00,93,467/- on account of contract and sub contract expenses and Rs.\n4,25,67,395/-on account of Job work expenses in the Profit & Loss account. However, you\nhave not deducted

BHAVANI INDUSTRIES INDIA LLP,RAJKOT vs. ACIT, CIRCLE-2(1), RAJKOT, RAJKOT

section 80-IC of Rudrapur Unit for the year\nunder consideration, were submitted before the assessing officer.\n36. The ld.Counsel submitted before us that Rudrapur unit is totally a new and\nindependent unit having separate registration numbers and licenses required\nunder various Act, for manufacturing. It is also submitted that there is no\nforging facility at Rudrapur unit

BHAVANI INDUSTRIES INDIA LLP,RAJKOT vs. ADDI. CIT, RANGE-2, RAJKOT, RAJKOT

section 80-IC of Rudrapur Unit for the year\nunder consideration, were submitted before the assessing officer.\n36.\nThe ld.Counsel submitted before us that Rudrapur unit is totally a new and\nindependent unit having separate registration numbers and licenses required\nunder various Act, for manufacturing. It is also submitted that there is no\nforging facility at Rudrapur unit

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

section 80-IC of Rudrapur Unit for the year\nunder consideration, were submitted before the assessing officer.\n36. The ld.Counsel submitted before us that Rudrapur unit is totally a new and\nindependent unit having separate registration numbers and licenses required\nunder various Act, for manufacturing. It is also submitted that there is no\nforging facility at Rudrapur unit

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

section 80-IC of Rudrapur Unit for the year\nunder consideration, were submitted before the assessing officer.\n36. The ld.Counsel submitted before us that Rudrapur unit is totally a new and\nindependent unit having separate registration numbers and licenses required\nunder various Act, for manufacturing. It is also submitted that there is no\nforging facility at Rudrapur unit

ASSISTANT COMMISSINER OF IINCOME TAX CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

section 80-IC of Rudrapur Unit for the year\nunder consideration, were submitted before the assessing officer.\n36. The ld.Counsel submitted before us that Rudrapur unit is totally a new and\nindependent unit having separate registration numbers and licenses required\nunder various Act, for manufacturing. It is also submitted that there is no\nforging facility at Rudrapur unit

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), RAJKOT, RAJKOT vs. BHAWANI INDUSTRIES INDIA LLP, RAJKOT

In the result, summarised and concise ground No

section 80-IC of Rudrapur Unit for the year\nunder consideration, were submitted before the assessing officer.\n36.\nThe ld.Counsel submitted before us that Rudrapur unit is totally a new and\nindependent unit having separate registration numbers and licenses required\nunder various Act, for manufacturing. It is also submitted that there is no\nforging facility at Rudrapur unit

THE ACIT, CIRCLE-1,, JAMNAGAR vs. M/S. SENOR METALS PVT. LTD., JAMNAGAR

In the results the appeal of the revenue is dismissed

Bench: Shri Waseem Ahmed & Ms Suchitra Raghunath Kambleआयकर अपील सं./Ita No. 260/Rjt/2015 िनधा"रण वष"/Asstt. Year:2011-12

section 43(5). It is immaterial whether transaction is carried out at the recognized stock exchange or not. Even the circular of CBDT cited in the assessment order states that once it is established that the assessee has entered in the transaction of the commodity that they deal the other technical details have no material impact. Hence, this reasoning